April 25, 2024
Retail & Consumer
Cosmetics exports to Europe jump 10-fold in 7 years
[THE INVESTOR] Exports of South Korean beauty and cosmetics products to Europe have expanded by tenfold over the past seven years, a report showed on April 4.
The outbound shipments of Korean beauty products to Europe reached 92.5 million euros (US$98.6 million) last year, compared with 9.2 million euros tallied for 2009, according to the report by the Korea Trade-Investment Promotion Agency.
South Korea’s share in the European cosmetics market jumped to 3.02 percent from 0.54 percent over the cited years, placing the country as the sixth-biggest export partner for the region, the report said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The outbound shipments of Korean beauty products to Europe reached 92.5 million euros (US$98.6 million) last year, compared with 9.2 million euros tallied for 2009, according to the report by the Korea Trade-Investment Promotion Agency.
South Korea’s share in the European cosmetics market jumped to 3.02 percent from 0.54 percent over the cited years, placing the country as the sixth-biggest export partner for the region, the report said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
